Articles by David R. Sands
House Republicans stood their ground Friday as the White House and congressional negotiators struggled to revamp a $700 billion Wall Street bailout plan, holding out hope that a deal could be struck this weekend.
Published
September 27, 2008
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UPDATED -- A day after a five-hour grilling by unhappy lawmakers over the proposed $700 billion rescue plan, Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry M. Paulson Jr. are feeling the heat again.
Published
September 24, 2008
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A major new U.S.-India nuclear cooperation deal cleared a key hurdle Tuesday as a Senate panel voted overwhelmingly to approve the agreement.
Published
September 24, 2008
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Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke faced bipartisan skepticism as they pushed for quick congressional approval of the administration's $700 billion Wall Street rescue plan.
Published
September 23, 2008
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Spain and Taiwan are cracking down on short sellers of stock. Britain's prime minister sees his poll numbers plummet, while Japanese financial giants snap up pieces of distressed U.S. lenders. And some in France and Germany are hailing what they see as a humiliating blow to "Anglo-Saxon" economics.
Published
September 23, 2008
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Lawmakers are engaged in a $700 billion game of chicken this week over the Bush administration's push to pass an economic bailout proposal for Wall Street.
Published
September 22, 2008
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UPDATED -- Sen. Barack Obama and other top Democrats said Sunday their support will come at a price as Treasury Secretary Henry Paulson pressed for quick congressional approval of a $700 billion fiscal rescue package.
Published
September 21, 2008
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They've been called the hyenas of high finance, feasting on the misfortunes of others, but the market's short sellers say they are being used as scapegoats as regulators and politicians around the world struggle to prevent a global economic implosion.
Published
September 20, 2008
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Congress and the Bush administration are making a strong last-minute push to approve the far-reaching nuclear cooperation deal with India, a top Senate Democrat said Thursday.
Published
September 19, 2008
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DEVELOPING -- Lawmakers from both parties are complaining they've been kept out of the loop as the Federal Reserve and Treasury Department have struggled to contain Wall Street's exploding financial crisis.
Published
September 18, 2008
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The federal agency that managed the bailout of the savings and loan industry in the 1980s and 1990s has emerged as the leading model to contain the fallout from Wall Street's current meltdown.
Published
September 18, 2008
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For the first time since the Kennedy administration, the next U.S. president won't have Cuban President Fidel Castro to deal with when he takes office in January.
Published
September 16, 2008
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Four Democrats on the Senate banking committee Thursday called for a temporary freeze on foreclosures for trillions of dollars in home loans held by Fannie Mae and Freddie Mac, just four days after the Treasury Department ordered a taxpayer-financed takeover of the two mortgage giants.
Published
September 12, 2008
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While the nation's two major political parties bicker over name-calling, a collection of smaller third-parties came together Wednesday in a so-called unity event that, in the end, only produced yet more bickering.
Published
September 11, 2008
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While the nation's two major parties bicker over name-calling, a collection of smaller third-parties came together Tuesday in a so-called unity event that, in the end, only produced yet more bickering.
Published
September 10, 2008
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Opening a legislative session likely to be short on bill-passing and long on point-scoring, congressional Republicans and Democrats on Tuesday tried to tag one another as being weak on key national-security issues ahead of November's election.
Published
September 10, 2008
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Foreigners own a big chunk of the debt issued by Fannie Mae and Freddie Mac, broadening the fallout of any failure beyond U.S. borders and giving the Bush administration one more powerful reason to take over the mortgage giants.
Published
September 9, 2008
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Rep. Paul E. Kanjorski is bucking the national trend this year - not exactly welcome news for his campaign.
Published
September 9, 2008
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Key Democratic lawmakers cautiously welcomed the Bush administration's takeover plan for Fannie Mae and Freddie Mac but made it clear Monday that the move was meant to save the two mortgage giants, not bury them.
Published
September 8, 2008
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When the Republican Party formally nominates its presidential and vice-presidential candidates Thursday, it will achieve something the Democrats have managed to do only twice since the two parties began contesting elections in 1856 - keep a lawyer off the ticket.
Published
September 4, 2008
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